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How are they counting people with rich parents who started their own business? As having inherited their fortune or as entrepreneurs?
by galactus 16y ago
How are they counting people with rich parents who started their own business? As having inherited their fortune or as entrepreneurs?
- brudgers 16y agoThat's a way in which the article is deliberately misleading. Inheritance is just one way in which wealth is transferred intergenerationally. By highlighting the small percentage, the article creates a false impression that a significant amount wealth is bootstrapped by individuals. That got me thinking about the obvious question - how are they counting people who married into wealth? They have 23% getting wealth from employment, 16% from inheritance, and 43% from owning a business. That only leaves 14% for spouses (less lottery winners, malpractice award recipients, etc.) That just doesn't seem correct - considering the frequency of marriage among adults.